Third Way Supports Rep. Ann McLane Kuster’s Legislation to Create a Single Export Agency
September 20, 2016
WASHINGTON—The global economy is changing at a rapid pace—it’s time for government to do the same. Modernizing government bureaucracy can better equip American workers and businesses to succeed in a vastly new economic era.
Just take our ability to tap into global markets. Estimates show that within the next 15 years, almost 90% of the world’s growth will occur outside of American borders. Federal export promotion programs help America’s small and medium-sized businesses identify foreign markets, find customers, and understand complex exporting requirements. But these programs are currently scattered across numerous federal agencies. The result? A complex and redundant bureaucracy that is tough for a small business owner to navigate. That’s why Third Way is strongly supporting new legislation by Representative Ann McLane Kuster (D-NH) that would lead to a streamlined and more effective federal government that can better serve the needs of America’s small businesses.
“Exports hold so much potential for small businesses in New Hampshire to increase their revenue and reach new customers,” said Congresswoman Kuster. “Unfortunately, too many small businesses find it difficult to navigate the maze of agencies and programs set up to support export efforts. My bill would help create a one-stop shop for small businesses seeking assistance to increase their exports. Small businesses are the backbone of our economy in the Granite State, and if we can make it easier for our companies to sell overseas they will continue to grow and create jobs.”
“Thanks to global and technological change, American businesses can reach into virtually any market across the globe,” said Gabe Horwitz, Vice President for the Economic Program at Third Way. “But we need to make sure that the federal government is positioned to help business owners to capitalize on this access. Representative Kuster’s bill to create a single agency that is responsible for federal export promotion programs will do just that.”
The Export Promotion Act will direct the next president to consolidate the largest export promotion programs into a single agency, which would reside in the Department of Commerce. This new agency will be directed to identify market opportunities abroad for American companies, assist these companies in exporting, and ensure that federal resources are used in an efficient manner.
To read more about how Congress can improve federal export assistance offerings, read our report, Boosting American Exports, here.
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